Endover Returned Over 4 Million Euros to Estateguru Investors Together with Interest
Endover repaid early in September to Estateguru investors a 4.2 million euro loan taken for the Volta Villa reconstruction, serving 6778 unique loan investors with 10.8% interest income on an annual basis.
The entire loan was repaid to investors early when the bank refinanced the project. "Construction moved at a very good pace, the building was completed and the first apartments have already been handed over to buyers. Thus, the development reached a logical point where the developer refinances it at a commercial bank," explained Estateguru head Mihkel Stamm, who noted that successful cooperation with Endover has been conducted along a similar model also in the developments of Klaussoni Kommivabriku and Rocca Tower.
A total of 6778 Estateguru investors participated in Volta Villa financing, with the largest investment placed in the project being 500,000 euros and the smallest 50 euros. Volta Villa financing began on the Estateguru platform in December 2023, the project was financed through 13 financing rounds totaling 4.2 million euros, and the investment return was 10.8% on an annual basis.
According to Stamm, this is a widely prevalent scenario where crowdfunding provides the developer, even a large and well-known developer, with early-stage bridge financing until the bank is ready to take over project financing. "This is a model that has proven itself very well over ten years. I believe that in this particular case, both Endover and its clients, Estateguru and our investors are satisfied, as well as now the bank that has taken over the financing," said Mihkel Stamm.
Estateguru is a leading pan-European investment platform that offers loans secured by real estate and carefully selected investment opportunities to a global investor community for small and medium-sized enterprises. We are developing a digital borderless ecosystem for financing and investing in real estate projects in Europe and beyond. By connecting different service providers, entrepreneurs and investors in one operating environment, we can offer something unique that other financial institutions cannot – a seamless, cross-border and digital service to borrowers and investors. The Estateguru team consists of nearly 40 professionals in offices located in London, Tallinn, Riga and Vilnius.
